The White House announces Liberation Day on April 2nd, when reciprocal tariffs will apply from the United States to the rest of the world. Press Secretary Caroline Levitt states that American workers and businesses will be prioritized, with lower taxes offered to companies. The move aims to improve American competitiveness, reduce trade deficits, and protect economic and national security. The policy encourages companies to manufacture in America, promising no tariffs for products made within the country. The announcement raises questions about potential economic impacts and stock market reactions globally.
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